Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Egyptian tourism entrepreneur Hamed El Chiaty’s Travco Travel has bought the group from the Steigenberger family in 2009.

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Qatar’s Sovereign Wealth Fund buys St. Regis New York for USD 310 million

Qatar’s Sovereign Wealth Fund buys St. Regis New York for USD 310 million

Marriott had acquired the Manhattan property when it bought Starwood Hotels & Resorts in 2016.

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CoStar Group to acquire STR for USD 450 million

CoStar Group to acquire STR for USD 450 million

STR aggregates data from over 65,000 hotels worldwide, representing nearly nine million guest rooms in over 180 countries.

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Airbnb to acquire HotelTonight reimagining travel by building an end-to-end travel platform

Airbnb to acquire HotelTonight reimagining travel by building an end-to-end travel platform

The HotelTonight team has developed deep relationships with boutique hotels and expertise in seamless, last-minute booking.

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Delivery Hero buys Zomato in the UAE

Delivery Hero buys Zomato in the UAE

The acquisition will add 1.2 MM monthly orders and c. USD 2 MM monthly revenue to Delivery Hero’s MENA business and will strengthen its leadership position in the UAE. The acquisition will be fully funded by an acquisition facility.

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IHG acquires luxury Six Senses Hotels Resorts Spas for USD 300 million

IHG acquires luxury Six Senses Hotels Resorts Spas for USD 300 million

Today’s acquisition takes IHG’s portfolio of open and pipeline luxury hotels to 400 hotels (108,000 rooms) globally.

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Abu Dhabi’s Twenty14 Holdings acquires Swiss InercityHotel at Zurich Airport

Abu Dhabi’s Twenty14 Holdings acquires Swiss InercityHotel at Zurich Airport

This is Twenty14 Holdings’ second property to be operated by Deutsche Hospitality.

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Emaar sells five Dubai properties to ADNH

Emaar sells five Dubai properties to ADNH

The properties include the Address Dubai Mall, Address Boulevard, Address Dubai Marina, Vida Downtown and Manzil Downtown, together with about 1,000 hotel rooms.

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Jin Jiang completes acquisition of shares in Radisson Hospitality

Jin Jiang completes acquisition of shares in Radisson Hospitality

Following completion, the Consortium now holds 50.21 percent of the shares and votes in the Company.

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